Kayak to IPO under the name KYAK, valued at $1 billion

Kayak is expected to start trading tomorrow, after waiting nearly a year for the turbulent IPO waters to subside.

Later this afternoon, Kayak is planning to sell 3.5 million shares at $22 to $25 each, to raise as much as $100 million, according to its latest document filed with the Securities and Exchange Commission.

But based on strong demand, the company could end up pricing its shares even higher, reports CNBC.

At the top of its current range, the company would be valued at nearly $1 billion.

The online travel company will trade under the ticker symbol KYAK on the Nasdaq exchange.

 

Keep reading: All Things D –¬†Kayak Finally Set to Take the Plunge Into Uncertain Market

 

 

Continue reading Kayak to IPO under the name KYAK, valued at $1 billion

Scientists build first working quantum network – mind-bogglingly powerful

Scientists at the Quantum Dynamics division of the Max Planck Institute of Quantum Optics (MPQ) in Garching, Germany announced Wednesday that they have built the very first, elementary quantum network comprised of a pair of entangled atoms that transmit information to each other via single photons.

That and a couple of bucks will get you a cup of coffee, plus anything from a perfectly secure data exchange system to the massive scaling via distributed processing of the already mind-bogglingly powerful, if theoretical, potential of a standalone quantum computer.

These are indeed heady days for the pioneers of quantum computing, with each news cycle seemingly bringing forth a major breakthrough in a subatomic frontier that appears poised to revolutionize how our calculating machines deliver us everything from satellite mapping to LOLcats.

 

Building it was the hardest part:

…had to figure out a means of exercising “perfect control” over all the components in their quantum network, which first meant getting the two atoms that make up the network’s receptor nodes to somehow stay stationary, because a couple of free-floating atoms wouldn’t be able to communicate with the photons relaying information between the two very efficiently.

The team was able to fix their atoms in optical cavities, basically a couple of highly reflective mirrors a short distance from each other, by means of fine-tuned laser beams.

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